Brinker International (EAT) Q3 2025 Earnings
How Did EAT Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +6.33%.
Did EAT Beat Earnings? Q3 2025 Results
Yes. Brinker International reported Q3 2025 earnings of $2.66 a share on Apr 29, 2025, beating the $2.57 consensus estimate by 3.6%. Revenue was $1.4B against a $1.4B estimate.
Brinker International turned in a standout third quarter of fiscal 2025, beating Wall Street on both the top and bottom lines as Chili's value-focused turnaround strategy continued to gain momentum. Non-GAAP diluted EPS came in at $2.66, clearing the $2.57 consensus estimate by 3.59%, while revenue of $1.43 billion exceeded expectations by 2.67% and climbed 27.2% year-over-year. The central driver was a 31.6% surge in Chili's comparable restaurant sales, powered by a remarkable 20.9% traffic increase that underscored genuine consumer demand for the brand's value positioning, including its widely promoted "$10.99 3 for Me" offering. That volume translated directly into margin expansion, with restaurant operating margin rising to 18.9% from 14.2% a year ago and adjusted EBITDA nearly doubling to $220.60 million. Brinker also used the quarter's strong cash generation to repay $125.00 million in funded debt. Looking ahead, management raised its full-year fiscal 2025 guidance, now projecting total revenues of $5.33 billion to $5.35 billion and non-GAAP EPS of $8.50 to $8.75.
- Chili's comparable restaurant sales increased 31.6% driven by 20.9% traffic growth
- Advertising highlighting industry-leading value and encouraging guest trial
- Operational improvements driving repeat visits
- Menu pricing contributed 4.4% to comparable sales growth
- Favorable menu item mix-shift contributed 6.3% to comparable sales growth
- Sales leverage drove operating income margin expansion to 11.0% from 6.2%
- Restaurant operating margin improved to 18.9% from 14.2%
“Chili's delivered another positive quarter in our turnaround with +31% same store sales driven by +21% traffic. Our continued progress on the fundamentals of great food, great service in a fun, friendly atmosphere is clearly winning with guests.”
Brinker International CEO, on the earnings call
What Was Brinker International's Outlook in Q3 2025?
Brinker updated its full-year fiscal 2025 guidance: total revenues expected in the range of $5.33 billion to $5.35 billion; non-GAAP net income per diluted share expected in the range of $8.50 to $8.75; capital expenditures expected at $265.0 million to $275.0 million; weighted average diluted shares expected at 46.0 million to 46.5 million. Revenue guidance is based on sustained elevated sales levels consistent with the company's recent trends. The company projects 35-38 total new restaurant openings for fiscal 2025. Fourth quarter fiscal 2025 earnings release is scheduled for August 13, 2025.
EAT YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.4B | $1.1B | +27.2% |
| Operating Income | $156.9M | $69.9M | +124.5% |
| Net Income | $119.1M | $48.7M | +144.6% |
EAT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.